Chinese giant CATL expands beyond batteries to power grids and EV platforms
Robin Zeng is the billionaire founder and CEO of CATL. He wants to transform the world's biggest battery manufacturer into a provider of green energy, as well as reduce the costs of developing electric cars, thus upending the economics that have driven the growth of the industry. Zeng said in an interview he expected…
CNOOC Developing New Deep Sea Gas Block in South China Sea
China's offshore oil and gas producer CNOOC has started developing a new gas field in the South China Sea, the official Xinhua News Agency reported on Tuesday.The Lingshui 17-2 gas field is the first deep sea gas block fully operated by a Chinese company, Xinhua said citing CNOOC officials.The deep sea project, which was discovered in 2014, is 150 km (94 miles) south of China's southern Haina
CNOOC Orient Petrochemicals Cuts Refinery Emissions
In a move to improve air quality in Hainan Province, China, the CNOOC Orient Petrochemicals Co. Ltd. recently commissioned a DuPont BELCO EDV Wet Scrubbing system at its oil refinery located on Hainan Island in the southernmost part of China. With the help of this system, the refinery minimizes atmospheric emissions…
China Pull Online Rig Location after Vietnam Complaint
Chinese maritime officials on Friday removed an online notice giving the location of a $1-billion deepwater oil rig in the South China Sea two days after issuing it, following a warning from Vietnam about drilling in disputed waters. Vietnam closely tracks the movement of the oil rig, which in mid-2014 caused the worst diplomatic rift between the neighbours in decades…
China: Rig Not Drilling in Disputed Waters
In mid-2014, rig caused worst breakdown in ties in decades. China's Foreign Ministry said on Wednesday that a $1-billion deepwater oil rig was not drilling in disputed territory in the South China Sea, in response to a warning from Vietnam against such activity. Vietnam closely tracks the movement of the oil rig, which…
China Looks at Record Crude Buying Year
China's Jan-Sept crude imports up 8.8 pct on year ago. As China closes in on the United States as the world's biggest crude oil importer, demand from private refiners and stockpiling of cheap oil is expected to keep imports at record levels after a wobble in the third quarter. Despite slower growth in recent months…
China Keeps on Drilling in Disputed Vietnam Waters
A Chinese oil rig at the centre of last year's standoff between China and Vietnam will continue drilling not far from Vietnam's coast, China's maritime safety authorities said on Tuesday. The deployment of the $1 billion deepwater rig last year about 120 nautical miles off Vietnam's coast, in what Vietnam considers its exclusive economic zone (EEZ)…
Controversial China Rig Completes Drilling off Vietnam
The Chinese oil rig at the centre of last year's standoff between China and Vietnam over oil exploration in the South China Sea has completed drilling of a well not far from Vietnam's coast, the official Xinhua News Agency said on Monday. Xinhua did not give coordinates for the well, but the China's Maritime Safety…
CNOOC: South China Sea Gas Discovery
China National Offshore Oil Corp (CNOOC) has made a deepwater gas field discovery in the northern part of the South China Sea, it said on Monday. The offshore oil and gas specialist found a high volume of gas flows in the Lingshui 17-2 well in August, it said on its website (www.cnooc.com.cn). Lingshui 17-2 gas well was tested to produce 56.5 million cubic feet of natural gas per day…
East and South China Sea Disputes Need Creative Diplomacy
China and the United States appear headed for a damaging confrontation over the extent of China's territorial claims in the South and East China Seas. Now that China has become the world's largest importer of oil, and energy more generally, the country's need to develop more indigenous energy supplies has become urgent.
China apprehending boats weekly in disputed S.China Sea
Chinese patrols enforcing disputed new fishing rules in the South China Sea are apprehending foreign boats on a weekly basis, Communist Party officials said on Thursday. In comments that provide the first window on how China is enforcing new rules criticized by Washington, the party secretary for Hainan Island said…
